Comments on: Charles Schwab YieldPlus Fund Lawsuits

By: victoria

victoria — Thu, 19 Jun 2008 15:35:11 +0000

I lost over $100,000.00 in the Schwab Yield Plus Fund. I was told that although my return would be low, my money was safe while we continued to diversify my portfolio. I was lead to believe I would not lose any of the principle. At one time over 50% of my total retirement portfolio was in this fund (recommended by Charles Schwab). My husband and I worked for over 35 years to build our retirement portfolio, and to be mislead by Charles Schwab investors like this is total fraud. Why would anyone trust Charles Schwab as their financial institution after this misleading and devastating advice? Why has the public not heard about this through the national news? I am retired and I feel as though people who are looking for an investment company should know about this situation and the extent of loss incurred by Schwab’s misrepresentation. I am sure many people would not trust Charles Schwab with their hard earned money. I talked to “Chuck” and he lied!!!!!!!!!!

By: pat

pat — Thu, 05 Jun 2008 23:34:58 +0000

Lost much more than the above resonses. Felt this was a money market equivalent safe fund.

By: curt

curt — Wed, 21 May 2008 11:59:03 +0000

Lost $30,000 in Schwab Yeild Plus. Was told by Schwab Broker in the Middle of August 2007 that this fund had no sub prime risk. If I had known, I would have changed funds.

By: Charles Schwab Yield Plus Settlement offer - Financial Fraud Lawsuits | Legal News & Updates Blog - Saiontz, Kirk & Miles

Fri, 02 May 2008 15:46:22 +0000

[...] is reporting that Charles Schwab is attempting to offer only pennies on the dollar to settle Schwab YieldPlus lawsuits being pursued by investors who lost money as a result of their investment in the bond fund. The [...]

By: Schwab YieldPlus Problems - Other bond funds may be impacted | Legal News & Updates Blog - Saiontz, Kirk & Miles

Mon, 21 Apr 2008 17:17:29 +0000

[...] lawyers at Saiontz, Kirk & Miles, P.A. represent investors who are pursuing Schwab YieldPlus lawsuits and Morgan Keegan lawsuits to recover losses suffered as a result of the fund managers’ [...]

By: Austin Kirk

Austin Kirk — Wed, 16 Apr 2008 15:01:11 +0000

For any investment losses in excess of $10,000, an individual Charles Schwab lawsuit should be considered. Our lawyers are providing free consultations and claim evaluations to help investors determine if they may be entitled to recover investment losses. If a case is pursued, there are no fees or expenses charged unless a recovery is obtained.

To review a potential claim, call (800) 522-0102 or request a claim evaluation on-line.

By: Dennis

Dennis — Mon, 14 Apr 2008 14:24:49 +0000

I joined the Schwab Private Client in late 2004. Shortly after Schwab converted my Value Advantage funds to Yield Plus. After loosing 20% they converted them back to Value Advantage!!

My loss was probably around $40,000. Is a personal lawsuit better than the class action? What would a suite cost me?

Thanks,
Dennis

By: Schwab YieldPlus Select Losses Recoverable - Charles Schwab Lawsuits | Legal News & Updates Blog - Saiontz, Kirk & Miles

Thu, 10 Apr 2008 12:38:32 +0000

[...] financial fraud lawyers at Saiontz, Kirk & Miles, P.A. are reviewing potential Schwab Yield Plus Select lawsuits as a result of omissions and misleading statements made by the brokerage, which prevented investors [...]

By: william

william — Thu, 03 Apr 2008 14:35:00 +0000

I purchased just over $100,000 of the above fund in May of 2003, prior to when you indicate the fund was first offered. I was told it was a safe investment similar to a money market from which the funds where taken from. This is from my wife’s IRA.

By: William

William — Thu, 03 Apr 2008 03:05:15 +0000

Hello,

I have lost approx. $5000. in this fund before i sold. I definetly feel I have been mislead. I repeatedly contacted Schwab about the quality and
content of the portfolio and was told everthing was as descibed in the prospectus.